Price and cost: Both are important to achieve value-based care

HIGHLIGHTS Explains the difference between price and cost Describes methods for measuring both variables Underscores their importance in value-based payment model design Highlights ACS THRIVE Insurers increasingly tell surgeons that they need to reduce costs as health care grows unaffordable for a growing proportion of Americans. Similarly, hospital administrators frequently challenge surgeons to reduce their costs, […]

Matthew R. Coffron, MA, Frank Opelka, MD, FACS

February 3, 2021